The Indicator from Planet Money - How Iran is wasting American resources

Iran is using an affordable strategy to even the playing field in the war with the U.S. It’s using drones that cost in the thousands of dollars to combat American missiles that cost several million. Military analysts have already signaled concern about the U.S. producing enough munitions, and this isn’t helping. Today on the show, why the U.S. spends so much on munitions and what it’s learning from Iran. 

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Related episodes:
Are we overpaying for military equipment?
Can Just-In-Time handle a new era of war? 
A trucker, a farmer, and an entrepreneur walk into a global supply shock 
Are we overpaying for military equipment?

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What A Day - MAGA Meltdown Over Trump’s War

Joe Kent – someone you’ve probably never heard of – made huge news on Tuesday. He was the director of the National Counterterrorism Center – until he posted a resignation letter on Twitter. In it, Kent wrote directly to President Trump: “I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.” This is the first major defection from the administration over the war – and it might not be the last. For more on Kent’s letter and what it means for the MAGA Right, we spoke with Jonathan Lemire. He’s a staff writer at The Atlantic and co-host of Morning Joe on MSNOW.

And in headlines, the SAVE America Act is creating real problems for Senate Majority Leader John Thune, Chief Justice John Roberts speaks out against targeting judges, and FBI Director Kash Patel hosts his own version of a meet and greet at Quantico.

Show Notes:

What Next | Daily News and Analysis - Thousands Are Fleeing War in Lebanon. She Flew There.

Israel and America’s war with Iran has spread, leading to the displacement of nearly 20 percent of people in Lebanon. What does that look like on the ground—and how will the conflict end?


Guests:  

Basma Alloush, Deputy Director for the Middle East and North Africa at the International Rescue Committee. 


Joshua Keating, senior correspondent at Vox.


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The Indicator from Planet Money - How much is the Iran war costing us?

It’s really hard to estimate the total cost of war in the middle of one. Over the first six days of the Iran war, an estimated $11.3 billion was charged to the public purse. But long-term costs take years to manifest. Even daily costs are fuzzy. Take munitions: the Department of Defense hasn’t budgeted for  many of the bombs it's dropping. One more time. The bombs – the bombs! – are not totally priced in.

On today’s show, estimating the cost of the Iran war right now. And how healthcare, disability benefits, environmental costs and interest payments could add to its future price tag.

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Related episodes: 
A trucker, a farmer, and an entrepreneur walk into a global supply shock
A lot of gas trapped, oil reserves tapped, and Live Nation gets a (tiny) cap

Will Trump’s shipping insurance plan work?
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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What A Day - Meet Trump’s Pick To Lead DHS

This week, the Senate will hold a confirmation hearing for Oklahoma Republican Senator Markwayne Mullin, President Donald Trump's pick to replace Kristi Noem as Department of Homeland Security Secretary. In some ways, he’s not very different from his predecessor. Mullin also smeared Renee Good and Alex Pretti following their killings by federal immigration officials in Minnesota. He endorses the President’s debunked theory that the 2020 election was stolen. And he threatened to fight the head of the Teamsters union back in 2023 during a Senate committee hearing over a Twitter spat. Burgess Everett, Congressional bureau chief at Semafor, joins the show to talk more about Senator Mullin, the DHS shutdown, and what else to watch for on the Hill this week.

And in headlines, FBI Director Kash Patel and Director of National Intelligence Tulsi Gabbard testify before Congress about global security threats, thousands of workers go on strike at a Colorado meatpacking plant, and Trump continues to insist the war with Iran will wrap up “soon.”

Show Notes:

The Indicator from Planet Money - A trucker, a farmer, and an entrepreneur walk into a global supply shock

The U.S. and Israel war with Iran is causing a shock to the economic system. Gas prices are higher, diesel too, and even fertilizer is being affected. Today on the show, we speak to three people about the economic ripple effects of the conflict: a truck driver, an Iowa corn farmer, and a manufacturer of an alternative to plastics.

Come see Planet Money live on stage in April! 12 cities. Details and tix here: https://tix.to/pm-book-tour

Related episodes:
A lot of gas trapped, oil reserves tapped, and Live Nation gets a (tiny) cap
Will Trump’s shipping insurance plan work? 
How Iran’s flagging economy inflamed its protests 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter 

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What Next | Daily News and Analysis - The GOP Plan to Kill Your Vote

The Republican-led Senate prepares this week to tackle an issue that’s very important to the president, his diehards, and hardly anyone else: passing the SAVE Act in order to force people to prove citizenship before voting.


Guest: Ari Berman, national voting rights correspondent for Mother Jones. 


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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.




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Audio Mises Wire - Popular Interest Rate Theory Describes but Fails to Explain

Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations. These things, however, only describe interest but do not explain it. Only the Austrian theory of time preference correctly explains interest.

Original article: https://mises.org/mises-wire/popular-interest-rate-theory-describes-fails-explain